Monarca Closes Oversubscribed C$3.0 Million Private Placement, Including a Lead Order from Palisades Goldcorp

Monarca_20082020

Toronto, Ontario–(Newsfile Corp. – August 20, 2020) – Monarca Minerals Inc. (TSXV: MMN) (“Monarca” or the “Company”) is pleased to announce is has closed the previously announced non-brokered private placement of units of the Company (the “Units”) for gross proceeds of C$3,000,000 (the “Offering”). The Company issued a total of 60,000,000 Units of the Company at a price of C$0.05. Red Cloud Securities Inc. acted as a finder in connection with the Offering

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